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Kitchener Ready to Consider Agreement for Centre Block Lands

Ally

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KITCHENER - Kitchener city council underscored its commitment to the Centre Block redevelopment project Monday night by receiving the land purchase and sale agreement between the city and Andrin Investments Limited. The city`s finance and corporate services committee will discuss the agreement during its next meeting on April 20.

The tabling of the agreement is an important milestone, as it goes a long way in supporting the city`s goals of achieving residential growth downtown; attracting talent to the core; and re-energizing King Street.

According to the terms of the proposed agreement, the city would sell the lands known as Centre Block to Andrin Investments Limited for $3.1 million.

Read the full article at the Daily Exchange
 
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